NIFTY UPDATE

STOCK MARKETS 1 Minute

NIFTY have tested 18,250 this morning; so the pull;back which started from lows made on MONDAY has reached its ideal projection. Now we await a short term reversal which as posted on wednesday, would trigger below a daily close under 18,068 on spot! Same criteria applies for NIFTY BANK as well!
Thee real action would start from next week, because volumes are very low which usually happens during the end of DECEMBER every year. If MARKET takes TIME to close below 28th,DECEMBER low then it would again play out another TIME consuming pattern for a week or two!
Last 2 months have impacted the mind set of all market participants. People have forgot the basics of MARKET operations just a week back everyone expected 17,000 today level of 19,000 is back on table, let’s se what happens. Would be intresting to see how long it takes for market to close below 28th,low!

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Published by SAAHIL BELIM

MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt!

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